Steve Madden says it will cut production in China to avoid Trump tariffs
Steve Madden says it will cut production in China to avoid Trump tariffs
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Steve Madden says it will cut production in China to avoid Trump tariffs
The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.
"We have been planning for a potential scenario in which we would have to move goods out of China more quickly," CEO Edward Rosenfeld told analysts on the call. "We've worked hard over a multiyear period to develop our factory base and our sourcing capability in alternative countries, like Cambodia, Vietnam, Mexico, Brazil, etc."